Nationwide Joel Ltd - Period Ending 2014-03-31

Registration number: 07113903

Nationwide Joel Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

Nationwide Joel Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nationwide Joel Ltd
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nationwide Joel Ltd for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Nationwide Joel Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nationwide Joel Ltd. You consider that Nationwide Joel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nationwide Joel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

7 December 2014

Page 1

Nationwide Joel Ltd
(Registration number: 07113903)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					-			1,800
Current assets
Debtors					5,539			5,542
Cash at bank and in hand					25,073			19,729
					30,612			25,271
Creditors: Amounts falling due within one year					(51,026)			(47,788)
Net current liabilities					(20,414)			(22,517)
Net liabilities					(20,414)			(20,717)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(20,415)			(20,718)
Shareholders' deficit					(20,414)			(20,717)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 7 December 2014

.........................................
Mr Sukhjinder Singh Dhesi
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Nationwide Joel Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Fixed assets are depreciated over their estimated useful lives.

Asset class	Depreciation method and rate
Motor Vehicles	Straight line basis at 25% per annum.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Nationwide Joel Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		7,200			7,200
At 31 March 2014		7,200			7,200
Depreciation
At 1 April 2013		5,400			5,400
Charge for the year		1,800			1,800
At 31 March 2014		7,200			7,200
Net book value
At 31 March 2014		-			-
At 31 March 2013		1,800			1,800

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

Page 4